Richard Auletta
Richard Auletta
business forward moving running
It's a significant business and one they feel is undervalued. They're moving forward with running the business.
business completion expected till until
The completion is not expected till mid-year and until then it is business as usual.
assets help turn
Cerberus is traditionally a long-term investor. What they do is look for undervalued assets that they can acquire, then turn around and help them grow.
deal hope improve margins sales
The hope is they (Cerberus) can improve sales and improve margins to actually make it a better deal for us.
bring chief executive name officer
The Albertsons name will remain, and Cerberus will bring in a chief executive officer and president.